Warwickshire businessman Gary Selvidge is hoping to help people invest their private pension scheme funds in the property market.

From April, private investors will be able to take money out of their Self-Invested Personal Pension (SIPP) to purchase private residential property.

In turn, pension funds will be able to borrow to help purchase properties.

Self-employed businessman Mr Selvidge set up Real Asset Solutions, in Lilbourne, near Rugby, last December, and deals in "hope value" land investment.

He has set up his company to allow people to use money from a self-invested personal pension, working with pension trustees, to pay for land.

It is working with Real Asset Solutions based in Guildford, Surrey, and has bought land near Cambridge, yet to get planning permission, where people could build homes.

Mr Selvidge, 41, said: "The secret seems to be in finding the right pension provider and the right investment and that's where we come in."

The company has also bought land near St Albans, in Hertfordshire, and Newark, in Nottinghamshire.

The changes in the law, which come into effect from April 6 next year, could lead to a property boom, according to Coventry solicitor Nick Button.

Mr Button, of Button & Co, in Manor Road, city centre, said: "This route hinges on developers renting their properties out. If they live in the home themselves they will have to pay the pension fund full rent. But with any property boom comes the possibility of a crash so people should think carefully before wading in."